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The Economic Times

Business

Goldman says central banks want more gold for their reserves

Gold Goldman Sachs

Central banks are expected to step up gold-buying, helping prices to recover by year-end, according to Goldman Sachs Group Inc.

Purchases are expected to pick up to average 60 tons a month over 2026, analysts Lina Thomas and Daan Struyven said in a note dated May 15. Under a revised framework for estimated accumulation, the 12-month moving average of purchases was 50 tons in March, up from a prior figure of 29.

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